General Mills (GIS)

• Market cap: $32.9B
• 1 day: 0.79%
• 5 days: 1.22%
• 1 month: -9.56%
• 3 months: -15.63%
• 6 months: -8.74%
• Year to date: -6.15%
• 1 year: -5.48%
• 5 years: 10.73%
• 10 years: 9.61%
• Sector: Consumer Staples
• Industry: Grain Mill Products

About: General Mills is a global packaged food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2024, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

Employees: 34,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

58% more first-time investments, than exits

New positions opened: 152 | Existing positions closed: 96

20% more call options, than puts

Call options by funds: $292M | Put options by funds: $242M

17% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 7 (+1) [Q3]

11% more capital invested

Capital invested by funds: $28.1B [Q2] → $31.2B (+$3.03B) [Q3]

2% more funds holding

Funds holding: 1,505 [Q2] → 1,538 (+33) [Q3]

3.48% less ownership

Funds ownership: 79.62% [Q2] → 76.14% (-3.48%) [Q3]

28% less repeat investments, than reductions

Existing positions increased: 478 | Existing positions reduced: 662

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $64 7% upside
• Avg. target: $70 17% upside
• High target: $80 34% upside

8 analyst ratings

• positive: 2 25%
• neutral: 6 75%
• negative: 0 0%

Wells Fargo Chris Carey 40% 1-year accuracy 17 / 43 met price target	7% upside $64	Equal-Weight Maintained	7 Jan 2025
Barclays Andrew Lazar 42% 1-year accuracy 8 / 19 met price target	14% upside $68	Equal-Weight Maintained	20 Dec 2024
Citigroup Thomas Palmer 24% 1-year accuracy 9 / 37 met price target	12% upside $67	Neutral Maintained	19 Dec 2024
TD Cowen Robert Moskow 50% 1-year accuracy 30 / 60 met price target	7% upside $64	Hold Maintained	19 Dec 2024
Stifel Matthew Smith 39% 1-year accuracy 12 / 31 met price target	31% upside $78	Buy Maintained	19 Dec 2024